New EV platform developed with Nevo, combines vehicle discovery, education and finance as EV demand continues to rise in Ireland.
Bank of Ireland has launched what it describes as Ireland’s first dedicated electric vehicle marketplace. The marketplace is designed to simplify how consumers research, compare and finance electric vehicles (EVs).
Developed in partnership with Nevo, hosts of the hugely popular annual Nevo Electric Vehicle Show, the new marketplace brings together car research tools, financing options and dealership connections in a single online journey.
“Our electric vehicle lending figures and the consumer spend on EV charging all point in one direction – the drive towards electric vehicles is accelerating”
Customers can browse models, compare specifications and pricing, arrange test drives and complete finance applications without leaving the platform.
The launch comes as the consumer drive towards EVs accelerates. Bank of Ireland’s EV lending grew by 46% in 2025, with the pattern of growth continuing in 2026. The Bank’s 16 motor brand partnerships accounted for 43% of all new EV sales YTD May 2026.
Bank of Ireland’s latest credit and debit card spending data for May reveals a significant increase in spend on EV charging and usage of charging stations year on year. Spend on EV charging for May 2026 showed an increase of 84.53% when compared to the same period last year, signalling strong growth in electric driving.
Putting EV buyers in the driving seat
“Our electric vehicle lending figures and the consumer spend on EV charging all point in one direction – the drive towards electric vehicles is accelerating,” Susan Russell, CEO, Retail Ireland, Bank of Ireland explained.
“Our unique Electric Vehicle Marketplace is about maintaining that momentum, giving customers the tools, knowledge and financial support to make the switch with confidence.”
“This launch will also help us play an even stronger role in building a more sustainable future. As part of our strategy, we have set a target to reach €30 billion in sustainable lending by 2030. Getting there will require innovative solutions and unrivalled financial choice, that meets our customers’ needs now and for generations to come.
“This market first, one-stop shop for customers to explore, compare and finance electric vehicles strengthens our leadership in sustainable finance, deepens customer relationships, and positions us at the centre of Ireland’s electric vehicle ecosystem.”
The platform has been designed to address practical barriers that continue to slow adoption despite growing interest in EVs.
Research from Nevo’s latest national survey highlights cost and confidence as key issues for consumers.
One in three respondents said recent fel price increases are a major factor influencing their decision to switch to electric, while the upfront cost of EVs remains the biggest deterrent.
The marketplace aims to tackle these concerns through a combination of education and pricing transparency.
Prospective EV buyers can access guidance on EV ownership, compare running costs and explore financing options, including personal contract plans (PCPs) and hire purchase agreements, with real-time monthly pricing.
“Two in five Irish consumers plan to buy an electric vehicle within the next two years, and battery electric vehicle registrations are already up over 50% in 2026 alone,” said Simon Andreucetti, manging director of Nevo.
“The appetite is clearly there. The barrier has always been confidence; confidence in understanding the costs, the finance options, and which vehicle is right for the customer. That’s exactly what the Bank of Ireland and Nevo partnership solves.
The Bank of Ireland Electric Vehicle Marketplace, powered by Nevo, together with the new finance application flow now available on both Nevo.ie and the Bank of Ireland Electric Vehicle Marketplace, are firsts for the Irish market.
“Together, they give consumers the tools to browse new vehicles from every brand, view real monthly pricing across PCP and HP products, and complete their finance application seamlessly, all in one place.
“Nevo is proud to partner with Bank of Ireland to launch these first-to-market digital solutions, making going electric more accessible and more straightforward than ever before. This is another step in our commitment to sustainable mobility for both of our customers,” Andreucetti said.
Image at top: Ciara McGuigan, Senior Manager, Customer Insights, Innovation and Experience, Bank of Ireland; Simon Andreucetti, Managing Director, Nevo; Susan Russell, CEO, Retail Ireland, Bank of Ireland; Derek McDermott, Director of Everyday Lending, Bank of Ireland; Karen Kennedy, Senior Sales & Relationship Manager – Motor, Bank of Ireland Finance; Conor O’Boyle, Co-Founder, Nevo; and Conor McCarthy, Head of Customer Propositions and Innovation, Bank of Ireland
-
Bank of Ireland is welcoming new customers every day – funding investments, working capital and expansions across multiple sectors. To learn more, click here
-
For support in challenging times, click here
-
Listen to the ThinkBusiness Podcast for business insights and inspiration. Latest episodes are here. You can also listen to the Podcast on:
-
Spotify
-
SoundCloud
-
Apple
